Home-ACC xC Sales Reverse k $750,80x Review Test Daniel Arands Google Chrome ure

Question

Home-ACC xC Sales Reverse k $750,80x Review Test Daniel Arands Google Chrome ure https://www math dc m Student Player lestaspx?test ult1d.6769955768back-Student Resultsaspr%3Fhande um%3Dperso Ng t Principles of Managerial Accounting Daniel Aranda & 1 1/30/18 1:21 PM Review Quiz: Ch 3 Qu Clos Score: 1 of 1 pt 13or 24 Test Score: 80 77%, 21 of 26 ; 3.4-163a Sales revenue is 5725,300, allocated manufachuring overhead is $96 600, achal manufacturing overhead ia $120, 400, and cost of goods sold before adjustment is $380,900 What is the actual gross proft? e A $319,600 $344 400 $369.200 D $224,000 esion is complete e: 4o 5 8 9

Explanation / Answer

Gross profit considering allocated overhead = Sales - COst of goods sold before adjustment

= 725300 - 380900 = 344400

Since the actual overhead is more than allocated, the gross profit would decrease by the excessive amount

Actual gross profit= 344400 - (120400 - 95600)

= 319600

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